1. Where does the IB project fit into Build priorities and into Yarne’s priorities?

IB is Build’s largest & most ambitious project—we have the most to gain if it succeeds (and the most to lose if it fails). We love the project and the neighborhood.

IB has the full attention of all BUILD partners and staff, not just Michael, Courtney and Victoria.

Now that Courtney is back from maternity leave, she will resume her role as the primary IB point of contact, as Senior Project Manager: Courtney’s email is courtney@bldsf.com and phone is 415-551-7626.

o LouandGrant,twoBUILDpartners,willalsorampuptheirinvolvement— they plan on attending most of the community meetings moving forward. This will allow for a graceful hand-off of responsibility when Yarne phases out after entitlements. Grant’s phone # is (415) 551-7614.

Michael remains a full share owner in India Basin LLC, the development entity of the India Basin project, and will continue to oversee the IB team through final entitlements (anticipated in 2nd quarter of 2018, but this depends on the quantity and quality of comments on the DEIR during the comment period).

o Post-entitlements,MichaelwillnolongeroverseetheprojectteamandLou will take over his oversight role.

2. How does Yarne’s status impact the schedule or other factors of the IB project?

• Yarne’s new status does not affect the schedule or any other factors in the project. We continue to work hard to obtain entitlements and build the project.

3. How is “affordable” defined as it pertains to this project? •

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The San Francisco Mayor’s Office of Housing & Community Development

(MOHCD) uses federal income standards, published annually, to determine the

maximum allowable rent levels and/or sales prices for all “affordable” units in San

architectural quality and land use for the site.
o Theactualphasingremainsuncertain—thefinalsizeandnumberofphaseswill

be driven by market demand and financing opportunities. We want to build out the project as efficiently as we can, but we are subject to economic cycles like all businesses.

o StillworkingthroughouraffordablehousingplanwithMOHCD&OEWD.These negotiations will likely last until the end of December or even early January.

o OurDraftEIRcommentperiodendsonOctober30,andthereisanOctober19th Draft EIR public hearing. Our Planning Commission date will be delayed if we receive a large number of comments during the 45-day period—accordingly, we